Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year.

Dave $($SSN $412-34-5670)$ and Alicia $($SSN $412-34-5671)$ Stanley are married and file their return jointly. They have retired at the age of $51.$ The couple$$s income consists of rental property, stock investments, and royalties from an invention. They sold their large house that they had purchased six years ago for $$580,000$ on October $18,2022,$ for $$1$ million. They now live in a condo at $101$ Magnolia Lane, Suite $15,$ Highland Park, FL $33853.$

The rental property is an apartment complex $($building cost $$1\mathrm{.}5$ million and was purchased January $5,2021)$ with $30$ units that rent for $$27,000$ per month and are at $90\%$ occupancy.

Rental income $ $291,600$

Salaries $115,000$

Payroll taxes $8,798$

Real estate taxes $18,750$

Interest $45,000$

Repairs and maintenance $29,000$

Depreciation $($Calculate$)$

The following information is also for the year:

$1099-$INT Old Bank $ $22,000$

$1099-$DIV Dell, Incorporated Ordinary dividends $15,250$

Qualified dividends $15,250$

$1099-$DIV IBM, Incorporated Ordinary dividends $8,650$

Qualified dividends $8,650$

$1099-$DIV Pepsi, Incorporated Ordinary dividends $18,785$

Qualified dividends $18,785$

$1099-$MISC Box $2$ royalties $152,300$

Purchased Sold Sale Price Basis Gain or Loss

Dell $($held $9$ month$)12/01/2109/01/22$ $ $15,000$ $ $9,000$ $ $6,000$

Pepsi $($held $4$ month$)09/01/2212/29/2217,00025,000(8,000)$

IBM $($held $30$ month$)06/05/2012/05/2238,00020,00018,000$

On January $3,2023,$ Dave repurchased the exact number of shares he sold on December $29,2022.$ The Stanleys paid $$12,000$ each quarter $($four payments$)$ in federal estimated income taxes.

Prepare Form $1040$ for the Stanleys. Taxpayers had qualifying health care coverage at all times during the tax year. You will also need Schedule $1,$ Schedule $2,$ Schedule B$,$ Schedule D$,$ Schedule E$,$ Form $4562,$ Form $8949,$ Form $8960,$ Form $8995,$ and Qualified dividends worksheet. Use the appropriate Table $6$A$-6,$ Tax Tables or Tax Rate Schedules.

Note: List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Round all intermediate computations and final answers to nearest whole dollar. Instructions can be found on certain cells within the forms. Do not skip rows while entering in Ordinary Dividends section on Part II of Schedule B and Residential rental property section on Section B of Form $4562.$ List the names of the properties in the order in which they appear in the problem.